We're not anywhere near that bursting bubble. Disney has been tightening budgets and raising prices aggressively for WDW with the purposeful intent of reducing the number of guests that show up during peak times. Just look at how day-ticket prices fluctuate by what days you plan to attend.
WDW, especially MK, has an overcrowding problem. They don't want more guests. They want the same or even less guests that pay even more per person. (What business doesn't want that?)
Excellent post. We agree on many points but I think I used the wrong term. I should have stated my individual WDW value bubble is close to bursting. I am not seeing the value as I have in the past and agree with your points above. I am a repeat/frequent visitor who is now questioning if/when I will return. I am assuming I represent a growing group of return customers who are currently struggling to justify the value.
This should be heavily considered when calculating the equilibrium up-front price that does not sacrifice in-park spending to manage capacity better. I am far less willing to spend more at the parks if I feel like the up-front costs are egregious (hotel and tickets). I am looking at reducing my $ spent per day and considering options I never looked at in the past such as staying offsite and limiting how much we spend per day for food, souvenirs, etc. So from WDW's perspective I would be a break-even or loss customer as I spend more in one area and less in others.Iger himself on a quarterly call said that guest satisfaction goes down on very crowded days. That hurts the brand. That hurts long term attachment and repeat business. That hurts people's willingness to spend even more when they're at the park.
Couldn't agree more and it certainly hurts my perceived value. Waiting too long forced some bad decision making (at EPCOT in particular) and now they are spending billions during a pandemic and investment recapture will certainly be impacted (justifying price increases). My personal breaking point for price (as a total package) may have been reached as we are now looking at staying on site at Universal (or offsite and not associated with WDW) and spending a few days at WDW. I have always stayed on site for at least a week and spent the majority of my time inside Disney Parks. WDW is compromising $ spent per day for average, repeat guests such as myself. Maybe I am underestimating the brand and represent a smaller group.Until they can build up more capacity, especially at the three under-utilized parks and make them more attractive to pull people from MK, WDW will continue to raise prices. And they'll do so, because they can. They've been doing it for years and the numbers continue to grow. They'll keeping raising prices until they find that breaking point.
Agree but as mentioned above there has to be an equilibrium pricing model that also factors in $ spent in total per day and not just "up front" revenues from hotel and park tickets. As you mentioned above though, you need capacity to be more evenly distributed through all of the parks to increase $ spent per day at each (which amazes me that MK has so few TS dining options). Perhaps I am falling victim to WDW's pricing/capacity model and my pride is damagedDisney can't run the parks at a price point that everyone can afford, otherwise, there would be 200 million people visiting every year, and MK would be as crowded every day of the year as they are during Christmas week... and they can't handle that. Short of a permanent reservation system, the only control on stopping overcrowding is raising prices. And it looks like we're still nowhere near that breaking point.
Side note - thank you very much for the rumor tracking threads. I appreciate the effort and it does a great job of accumulating all of the rumors.